Retail
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Policy
Improved transmission pricing may save $2.7 bln - Electricity Authority
By Gavin Evans July 23 (BusinessDesk) - Changes proposed to the way electricity transmission costs are shared could deliver about $2.7 billion in benefits to consumers during the next 30 years, the Electricity Authority says. The plan, which aims to charge consumers based o...
Economy
First Union leading rivals for biggest average pay claims, says bargaining firm
By Pattrick Smellie July 18 (BusinessDesk) - Wage negotiations are becoming tougher, with the First Union leading the pack as it adopts more aggressive tactics to win higher than average wage settlements than competing unions, says Adelhelm & Associates in its 10th annual revi...
Markets
NZ dollar weakens after US retail sales boost greenback
By Rebecca Howard July 17 (BusinessDesk) - The New Zealand dollar pared some of its gains after stronger-than-expected US retail sales data cheered markets. The kiwi was trading at 67.01 US cents at 8am in Wellington versus 67.32 cents at 5pm. The trade-weighted index was a...
Economy
UPDATE: NZ 2Q inflation climbs in line with expectations
(Updates currency level, and adds comment from economists in 5th, 9th and 10th paragraph) By Rebecca Howard July 16 (BusinessDesk) - New Zealand’s consumers price index rose in the June quarter on higher prices for petrol, rent and ready-to-eat foods, but is unlikely to st...
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